By TIOL News Service

NEW DELHI, MAR 29, 2015: INDIA Carpet Expo has attained a new milestone in terms of number of overseas buyers and response from carpet importing countries. As of this writing, 300 buyers have transacted business with participating exporters/exhibitors.

Briefing the media, Mr Kuldeep R. Wattal, Chairman, Carpet Export Promotion Council (CEPC) said that the trend looks very good for the remaining two days as well. He said that while India Carpet Expo has attained the status of the largest carpet fair in Asia, it has also received great appreciation from visiting overseas buyers. The latest designs and colours employed, based on the feedback received from importing countries, have contributed to the increased number of orders. Shri Wattal added that the higher volume of business indicates also that the Indian carpet industry is set to retain its status as the number one carpet exporter, in terms of value as well as volume; this, he said, is despite setbacks such as hike in import duty on hand-knotted carpets by the Turkish Government, devaluation of euro and other recessionary trends in Europe.